Category Gold

Reblogged from: http://taxheal.com/gold-jewellery-holding-limit-as-per-income-tax-act.html Instruction : No. 1916, dated 11-5-1994 Guidelines for seizure of jewellery and ornaments in course of search Instances of seizure of jewellery of small quantity in course of operations under section 132 have come to the notice of the Board. The question of a common approach to situations where search parties come […]

India is one of the largest buyers of gold in the world. More than 90 per cent of this is for jeweler purposes. Table 1 gives the purchase of gold for jewellery by different countries. Indian demand is around 25 per cent of global consumption. Recently, the attraction of smuggling has come down due to […]

In any seminar on the Indian economy, the discussion invariably turns to the savings rate in our system. The savings rate – the percentage of savings to national income – is around 32-34 percent system. Contrast this to the savings rate of less than 10 percent in the 1960s. This is taken note of, and […]

India is one of the largest buyers of gold in the world. More than 90 per cent of this is for jewellery purposes and not for Industrial purposes. Table 1 gives the purchase of gold for jewellery by different countries in the last few years. In the past, Indian demand was nearly 30 per cent […]

With India consuming almost a fourth of the world’s gold production, it is surprising that it plays but a marginal role in influencing policies pertaining to the precious metal’s pricing, output or quality. It is time the country leveraged its position as a major buyer to work for a better deal for the Indian consumer, […]

Unlike real estate, gold is divisible and is highly liquid. It is easy to bequeath and less cumbersome in terms of transferability. Given the demographic shift and social security requirements during old age and the stock of gold ornaments, one can think of using reverse mortgage instruments to utilise the yellow metal and provide pension […]

With the government unable to provide social security to all its citizens, most self-employed groups face a huge challenge of protecting their future. They have turned to gold the most liquid, portable, and easy to transfer asset. R. Vaidyanathan says the self-employed must mount pressure on the government to understand the role of gold. It […]